Archive for the ‘Random Thoughts’ Category
All That Matters
As you know, I lost +16% of profits last month. See details here.
At first, I was really frustrated and heart broken; but I eventually realized that I need to work on what I have now. I let go of the past and started to trade with the real money I have because it is all that matters right now.
Remember that clinging to one’s past fund value may lead to costly blunders and further ruin.
Dr Jeckyll and Mr Hyde
Did you get shaken out of Meralco today?
A shakeout happens when big players intentionally drive the stock price down (Mr Hyde) for various reasons. This event is usually followed by sudden price increase (Dr Jeckyll) because price always goes back in line with economics of demand and supply.
How do you handle the strange case of Dr Jeckyll and Mr Hyde? Use the “wide stop” potion to protect your position. Be patient with your trade but be disciplined to cut loss if necessary.
Howard Lederer – On Poker And Trading The Markets
It’s not about winning huge pots. It’s about losing less when you lose and winning more when you win.
Dead Cat Bounce
Is this the start of a reversal of the downward trend? Or did we just experience a small, brief recovery of prices today after a series of red?
This pussycat is the type you don’t bring home to your momma!
Drop It Like It’s Hot
January was fantastic in the beginning, now it looks dramatic. Foreigns are dropping PSE stocks like its one hot potato.
I don’t know for sure how far the PSE market will go down so I’m focusing in protecting my capital. I’ll just monitor the market tomorrow; my system didn’t generate a buy signal in any of the PSE stocks.
PS – This cartoon guy didn’t reach his target monthly return before the drop. How about you? Did you meet your target return for the month?
Take A Small Loss Then Move On
This cartoon guy wasn’t able to prevent his trading mistakes from turning into disaster. He didn’t keep his losses small; he didn’t move on.
I learned this lesson the hard way during my early trading days. If not for regular cash infusion and a string of luck in dividend stocks, I’d be stomped out already.
Being wrong is not a choice, staying wrong is.
Surfer’s Wave
Trend following is like surfing this gigantic wave. During the ride, there is no Past, there is no Future, only the Present exists. I learned from previous trades that convincing the market you’re right on a nonexistent future can be very expensive. Now, I just ride the trend, I don’t fight it. It’s a struggle within but I’m winning.
Turtle Capital 